Press releases, Reports & Disclosures for Dubai Financial Market PJSC

Nasdaq Dubai has announced the listing of a USD 1 billion Sukuk by the Government of Ras Al Khaimah, issued through its Investment and Development Office. The 10-year Sukuk, with a profit rate of 5.038%, is part of a USD 2 billion issuance program by RAK Capital and aims to support the region's economic growth and infrastructure development. The issuance attracted strong investor interest, with an orderbook surpassing USD 4.4 billion, indicating confidence in Ras Al Khaimah's economic stability. The listing was celebrated by Mr. Mohammed Sultan Al Qadi, Managing Director at the IDO, and Mr. Hamed Ali, CEO of Nasdaq Dubai and DFM. The listing enhances Nasdaq Dubai's position as a leading exchange for public fundraising, with government issuances comprising 62% of its listings. This addition brings the total value of Sukuk listed on Nasdaq Dubai to over USD 92.7 billion, reinforcing its status as a global hub for Islamic finance. The overall value of debt securities on the exchange now totals USD 136.2 billion across 157 issuances.